Griffin Capital REIT Nabs NJ Office Building In $44M Deal

Law360, New York (January 9, 2017, 7:00 PM EST) -- A real estate investment trust controlled by Griffin Capital Corp. has purchased an office building in Parsippany, New Jersey, that's fully leased to an animal health company for $44 million, according to a statement Monday from Holliday Fenoglio Fowler LP, which represented the sellers.

Griffin Capital Essential Asset REIT II Inc. acquired the three-story, 125,735-square-foot building from Normandy Real Estate Partners and funds affiliated with investment manager Partners Group, HFF said. The property is located at 10 Sylvan Way, within the Mack-Cali Business Campus.

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